10 Feb 2015
USD/JPY consolidates near highs
FXStreet (Córdoba) - USD/JPY reached a 1-month high during the New York session, underpinned by better risk sentiment and higher US yields.
The pair climbed more than more than 125 pips from Asian session lows and reached a peak of 119.60 before losing momentum. The pair has eased slightly from highs and it spent the last hours in a range just below. At time of writing, USD/JPY is trading at 119.40, recording a 0.67% gain on Tuesday.
USD/JPY technical levels
In terms of technical levels, USD/JPY immediate resistances are seen at 119.60 (daily high), 119.86 (Jan 9 high) and 120.00 (psychological level). On the flip side, supports could be found at 118.32 (Feb 9 low), 118.00 (psychological level) and 117.90 (21-day SMA).
The pair climbed more than more than 125 pips from Asian session lows and reached a peak of 119.60 before losing momentum. The pair has eased slightly from highs and it spent the last hours in a range just below. At time of writing, USD/JPY is trading at 119.40, recording a 0.67% gain on Tuesday.
USD/JPY technical levels
In terms of technical levels, USD/JPY immediate resistances are seen at 119.60 (daily high), 119.86 (Jan 9 high) and 120.00 (psychological level). On the flip side, supports could be found at 118.32 (Feb 9 low), 118.00 (psychological level) and 117.90 (21-day SMA).